Incentives · November 2026
New Mexico has 1 open EV program on our list. At 16.51¢/kWh, 100 miles costs about $4.95 at home, vs. $13.87 of gas in a 30 mpg car.
Last checked October 30, 2026. Programs open and close without notice; confirm on the official page.
2026: new EV $3,000; new PHEV or FCEV $2,500; used EV $2,500; used PHEV or FCEV $2,000 · Open
New MSRP up to $55,000; used up to $25,000 market value. Lease at least 36 months. NM licensed or tribal-land dealer. No income cap mentioned on the page. Apply within one year.
| State sales tax | 4.875% |
|---|---|
| Average with local tax | 7.67% |
| Lease tax | Charged on each monthly payment, at your local rate. |
| Yearly EV fee | None listed |
| Home electricity | 16.51¢/kWh |
| Regular gas | $4.16/gal |
Tax rules change and local rates differ. Ask the dealer to show the tax on your contract.
We track Clean Car State Tax Credit (Open). Check the official page before you count on one, since funding changes.
Charged on each monthly payment, at your local rate.
We found none listed.
At 16.51¢/kWh, 100 miles costs about $4.95 at home, vs. $13.87 of gas in a 30 mpg car.